Accounting Multiple Choice Question – 20 July 2022

What appears as a credit in the Appropriation Account of a partnership?

Select ONE answer:

1. Goodwill
2. interest on capital
3. net trading profit
4. partnership salaries

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 3

1. Not correct
2. Not correct
3. Correct
4. Not correct

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